Metinvest paid almost UAH 18 billion in taxes in January-September 2022

For 9 months, the company paid more than UAH 6 billion of income tax and UAH 3.3 billion of SSCs to the budget of Ukraine

The Metinvest Group, taking into account associated companies and joint ventures, in January-September 2022, transferred almost UAH 18 billion of taxes and fees to the budgets of all levels in Ukraine. This is stated in the press release on the company’s website.

In 9 months, the Ukrainian enterprises of Metinvest paid more than UAH 6 billion in income tax to the state and local budgets. Payments of the single social contribution (SSC) amounted to UAH 3.3 billion. The tax on the income of individuals and the fee for the use of subsoil amounted to UAH 3 billion each.

Despite the war in the country, in 9 months of 2022, the company’s enterprises increased the payment of rent for iron ore mining by 40% compared to the same period last year – up to UAH 2.9 billion. The land fee for this period increased by 35% y/y – up to UAH 856 million. Environmental tax paid by the Group amounted to UAH 511 million.

Tax Metinvest GMK Center

“In these difficult times, we are trying to support the country’s economy in any possible way. Despite the shutdown of several enterprises in Mariupol and Avdiivka, Metinvest remains one of the largest taxpayers, a reliable pillar of the Ukrainian economy. The closure of the Black Sea ports due to the war leads to a difficult situation with the logistics of the products of our Mining in Kryvyi Rih, a decrease in the level of loading, downtime of enterprises. However, we are looking for alternative ways to export products, improve operational efficiency, help the army and the population in order to bring Ukraine’s victory closer as soon as possible,” commented the CEO of Metinvest Yuri Ryzhenkov.

As GMK Center reported earlier, in 2021 Metinvest increased tax payments and fees to the budgets of all levels of Ukraine by 2.4 times compared to 2020 – up to UAH 52.7 billion.